(VET) VeChain ON THE ROAD TO 1$ 🧑🚀 🚀Hello everyone !
Today the Black Cat Trader is analyzing Vechain (VET) based on a weekly chart 📈
What we can see :
- VET is actually very closed to its uptrend line (green).
- Prices broke the downtrend line (red) and test it now as a support.
- 0.618 fib level act as a strong support right now.
- Prices are under the Kijun/Tenkan and under the Kumo. Note that the Lagging span is actually trying to crosses prices.
What we can expect :
If VET manages to hold its support (0.618 / both trend lines) we can expect prices to reach upper levels in the coming weeks.
But we need, first, those confirmations :
- Prices must break the Kijun / Tenkan / Kumo, and the Lagging span must crosses prices and ALSO the downtrend line ⚠️
Resistance : Tenkan / Kijun / Kumo
Supports : (0.618 + both trend lines)
TP1 : 0,49 $
TP2 : 0,76 $
TP3 : 1,03 $
TP4 : 1,30 $
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Vechain
hidden crab?crab harmonic pattern:
X=$2
AB=0.38 XA
BC=0.38 AB
1.6 BC=$0.0429
2 BC=$0.0628 *third support*
2.24 BC=$0.0797 *second support*
2.6 BC=$0.115 *first support*
0.61 XA=$0.128
3.6 BC=$0.313 *first resistance*
0.78 XA=$0.437 *second resistance*
0.88 XA=$0.9 *third resistance*
1.13 XA=$5.32
6.85 BC=$7.76
1.27 XA=$14.93
1.41 XA=$40
1.6 XA=$184 *moooooooooooooooooooooooooon*
VET price prediction 1: bouncing back from Fibonacci 0.382 price is heading towards 0.15 $, where the dashed line will stop the move, around 0.155 $
2: a big correction, Fibonacci 0.5 won't stop the price because of Christmas, I can see it stopping at 0.13 $
3: high volume, price reaches Fibonacci 0.618 ( 0.172 $ ) in a few days
4: small correction to the dashed trend line, around 0.16 $
5: price breaking through an important key level, 0.19 $, maybe touching 0.20 $
6: small correction to 0.19 $
7: again. in a few high volume days price reaches 0.22 $, what is not just an important level, but the Fibonacci 0.786 level is also around here ( 0.2188 $ )
Price will hit 0.22 $ around 12 Jan 2022. From the previous low, 0.1043 $, price will rise around 11.57 cents, in around 45 days.
This analysis is based on my own ideas and on a few simple mathematical calculations.
VET - 2021 Top PredictionTop of the Mornin' !
Vet doesn't have a long past - therefore we need to rely on the most crutial trend lines that supported the price so far + fibonacci levels based on trend.
To me, it looks like VET likes double resistance trends just like ETH. But in this case - the price is below the lower resistance. This leads me to think that we may not experience such a high pump as with other ALT's. For this reason I set 2 possible Top levels for this year.
My top prediction for 2021 are $0,24 (Bearish scenariou, retest of last top) and $0,9 (Bullish scenario, pump to second resistance).
Cheers!
$VET is ready to take of BINANCEUS:VETUSD
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets
➡️test 0.10550
➡️If VET Breakout triangle since MAY it can going to 0.618 lvl
➡️Retest above triangle on 0.5 lvl FIB and continue move up
➡️Targets first take 0.42$ Second target 0.65$
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Binance: Vet Buy / long H1Binance: Vet Buy / long H1
Entry: 0.115 - 0.117
SL: 0.11
TP: 0.13
VeChain Thor (VET) is blockchain with the posited goal of "solving real world economic problems".
VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism, based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities.
The core protocol of the Vechain Thor blockchain has four meta transaction features: Controllable Transaction Lifecycle, Multi-Party Payment (MPP), Multi-Task Transaction (MTT), and Transaction Dependency.
VeChain has two kinds of tokens, VeChain Token (VET) and VeThor Token (VTHO). While VET has a fixed supply of ~86.7bn token, VTHO is issued as a block reward for VET staking AMs. VTHO is required for smart contract and transaction executions. Consensus is achieved on a threefold-level: (1) technical level, (2) business level, and (3) governance level.
The issuance of VTHO is adjusted via the on-chain governance model to stabilize the fiat-denominated transaction costs. This clear governance model differentiates between three kinds of voters with various operational permissions.
VET/USDT Wait is over !!!!Vechain broke out of the downtrend a month ago and made a minor correction since the beginning of this month. Currently, it retested the trendline and found support at 200 EMA. Also, we can see the Green Buy signal on VMC Cipher B indicator. This is a great confluence to enter or accumulate more.
This is not financial advice please DYOR. If VET doesn't hold current support next support is around $0.0854
VeChain analysis 4 hour chart BINANCE:VETUSDT
Hello everyone, Today I took a look at VeChain and it is looking neutral at this moment we started retracing back to the lower support zone and broke out uptrend line. At this moment VeChain is starting to rebound back to the upside. we could retest the uptrend support as resistance and maybe continue the overall uptrend. or break down once more and go to our lower support zone and rebound from there back to the upside
Depending on bitcoin Bullish, although all depends on bitcoin.
Most alt coins are following bitcoin in this stadium.
Hope for the best ☺️
VeChain | Still a Good Crypto Worth Buying at This Low PriceVeChainThor public blockchain was launched with the goal of mass business adoption. The public blockchain has two tokens, VeChain and VeThor (VET) tokens. VeThor token is used to power transactions that take place on VeChain. The token is critical to the functionality of the blockchain. It is representative of the smart contract element of the network.
The unique nature of the token has drawn the attention of investors. It possesses a meta-transaction feature, which means users can carry out multiple transactions. The participants of the blockchain can essentially organize multi-task transactions and multi-party payments.
The blockchain is also open source and has a high processing speed, making it possible for developers to combine their efforts.
VeThor exhibits excellent versatility, which makes it attractive to many users. Participants at all levels can enjoy the different capabilities.
For transactions to be approved on VeChain, a VeThor token has to be created for each VeChain token introduced to the block. The current generation rate for the token is 0.000432 per day.
The rate can change only by increasing but not reducing, there are several ways you can earn the token.
One is by owning VeThor, the other methods include owning an authority node or an X economic node.
With insights into the token price, you will be able to identify whether it is safe to invest in the token. More so, you will know when the best time would be to buy or sell the tokens. Currently, the price of the token stands at $0.011313. Only two months are remaining of 2021, and changes are expected to take place.
Suppose you look at this in terms of profitability and growth. In that case, the token is undoubtedly worth investing in. As seen from the price forecasts, the token price has been increasing gradually over the months. The price is going to increase, and this is excellent news for the investors.
Apart from its outstanding features, the token's blockchain will increase in popularity with time due to its current low price. As use increases, the price will also increase. The other reason why the token may be worth your money is that its price is not expected to reduce, especially as it becomes more prevalent in logistics.
To better understand the performance of a token, market information is vital. This will go a long way in providing you with the extra information you need to determine if the token is a good investment.
Based on the above forecasts, the future of the token is bright. The price of the token has been increasing over the months, and especially in 2021. The token is projected to maintain the upward trend even in 2022 and the coming years.
The general price chart of the token also looks promising. It ranks 153 in market capitalization, which indicates the token is popular. The trading volume is also good, as it shows that the token is used often.
VTHO price at 0.011313 USD, based on our forecasts a long-term price increase is expected to be around +742.00%.
- Our option for #VTHO is TO BUY AND HOLD IT.
It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
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| Review and analysis by Samadi.Finance |